401 Plaza Drive, Mount Vernon, IN 47620

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Scott E.

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Building Details:

• Year Built: 1980

401 Plaza Drive is an industrial property for lease in Mount Vernon, IN.

NEW ROOF TO BE INSTALLED IN 2016. This building was formerly a K-Mart and has been gutted in preparation for new user. All internal partitions and ceilings have been removed with the exception of the former auto service area that is still sectioned with a block wall. Building has 16' ceilings and would be suitable for warehouse use (5 drive-in bays) or the owner will build out for a new industrial or retail user(s). Large parking area can accommodate approximately 290 cars.

Located on the eastern edge of Mt Vernon, Indiana along SR 62, a 4 lane divided highway running between Mt Vernon and Evansville, this site has access to the highway via a signalized intersection at Plaza Drive. The neighboring Southwind Plaza is a grocery anchored shopping center is home to Goody's, Dollar General, and Ace Hardware. AstraZeneca operates a large manufacturing facility on the south side of SR 62 and a 43 AC regional auto dealership is located to the east.

Other major employers in the area are: CountryMark oil refinery (20k barrels per day), Vectren's coal-fired generating plant, international plastics producer SABIC, Babcock & Wilcox, and The Ports of Indiana.

The Ports of Indiana at Mt Vernon is the largest public river port near the convergence of the Ohio-Mississippi rivers and a top tonnage port for barge and rail shipments along the Ohio River. Mount Vernon is ranked as the seventh largest port district on the Inland Waterways System. Home to 13 companies, the Port set a new annual shipping record in 2015 handling 6.6 million tons for the first time in its 40-year history - a 36 percent increase over 2014. The Port contributes over $1 billion in total economic activity per year and supports 7,200 total jobs while shipping cargo to or from 44 states and 20 countries.

In January 2016, Midwest Fertilizer Company LLC entered into an agreement with Thyssenkrupp Industrial Solutions (USA), Inc. to design and build a state-of-the-art nitrogen fertilizer manufacturing facility in Mt Vernon, Indiana at an agreed aggregate price in excess of $2.0 billion. The facility is expected to be fully operational in 2020. The fertilizer plant is expected to generate more than 2,500 construction jobs over a three to four-year period and approximately 200 permanent employment opportunities.

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